{"id":47710,"date":"2025-03-25T14:55:07","date_gmt":"2025-03-25T14:55:07","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=47710"},"modified":"2025-03-25T14:55:07","modified_gmt":"2025-03-25T14:55:07","slug":"dorda-successfully-advises-sprints-on-its-partnership-with-styria-media-group-in-connection-with-the-acquisition-of-adevintas-shares-in-willhaben","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/dorda-successfully-advises-sprints-on-its-partnership-with-styria-media-group-in-connection-with-the-acquisition-of-adevintas-shares-in-willhaben\/","title":{"rendered":"DORDA successfully advises Sprints on its partnership with Styria Media Group in connection with the acquisition of Adevinta\u2019s shares in willhaben"},"content":{"rendered":"

London, UK and Graz, Austria, 3rd<\/sup> March 2025<\/em> \u2013 Together with Roschier (Sweden) as main counsel, DORDA advised European growth investor Sprints on its partnership with Styria Media Group. As part of the partnership, the joint venture between Sprints and Styria acquires all of Adevinta’s shares in willhaben, Austria’s digital consumer marketplace. This collaboration combines Sprints’ extensive expertise as an investor in customer-focused technology businesses in Europe with Styria’s prominent position as a leading media and digital company in Austria.<\/strong><\/p>\n

<\/p>\n

The transaction is subject to approval by the relevant regulatory authorities. Completion of the transaction is expected in the second quarter of 2025. Financial terms of the transaction are not disclosed.<\/p>\n

The team of DORDA\u2019s Digital Industries Group<\/strong> in this transaction was led by M&A partners Christian Ritschka<\/strong> and Martin Brodey<\/strong>, mainly supported by Ulrich Weinstich <\/strong>(Principal Associate) and Max Lesjak<\/strong> (Associate). Heinrich K\u00fchnert<\/strong> (Partner) and Mirko Marjanovic<\/strong> (Principal Associate) took lead responsibility for antitrust aspects. Further DORDA team members are partners Magdalena Brandstetter (Real Estate) and Christoph Brogyanyi (Corporate), principal associates Julia Landskron (Corporate), Magdalena Nitsche (Insurance), Katrin Repic (Regulatory), Florina Thenmayer (Employment) and Ida Woltran (IP\/IT), as well as associates Thomas Krappinger (IP\/IT), Corina Kruesz (IP\/IT), Anna Martseva (Insurance), Julia Moser (M&A), Maxie M\u00fcllbacher (Real Estate), Sophia Pux (Antitrust), Nicole Scharl (Corporate), Julia Strass (Employment) and Antonia Stubbe (Finance).<\/p>\n

The Roschier<\/strong> team was led by Bj\u00f6rn Winstr\u00f6m<\/strong> and Mattias J\u00f6nsson<\/strong>.<\/p>\n

The partnership between Sprints and Styria creates a powerful collaboration. Sprints brings decades of experience as an investor in online marketplaces. Styria, as a major player in the Austrian media and digital sector, provides deep local market knowledge and a strong network. Together, the two are ideally positioned to drive willhaben’s continued growth and innovation.<\/p>\n

\u201cSprints partners with technology companies that place long-term customer happiness at the heart of everything they do. willhaben epitomises this philosophy. It has one of the most recognised and beloved brands in Austria, and we\u2019re excited to join forces with them and Styria to support the next phase of the company\u2019s growth.\u201d said Henrik Persson, Managing Partner at Sprints.<\/p>\n

About <\/strong>willhaben<\/strong><\/h3>\n

willhaben – meaning \u201cwant to have\u201d – is a leading provider in the Austrian digital marketplace landscape, with more than 3.8 million users per month. It is one of the go-to platforms of buyers and sellers in Austria, with more than 13 million listings across real estate, jobs, cars and motors and the free marketplace for private users.<\/p>\n

About Sprints<\/strong><\/h3>\n

Sprints invests in select European growth companies that use technology to significantly enhance their customers\u2019 lives. The team of Sprints comprises investors and operators with deep, long-standing expertise across the marketplace, fintech and software sectors. Founded in 2015, its portfolio includes category-defining companies like Revolut (the leading global neobank), Hemnet (Sweden\u2019s top property portal) and Chrono24 (a leading second hand luxury watch marketplace)<\/p>\n

About Styria<\/strong><\/h3>\n

Styria Media Group AG was founded in 1869 and is a leading Austrian media group as a house of media and marketplaces; its core markets in both business segments also include Croatia and Slovenia.<\/p>\n

[About DORDA; Contact]<\/em><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-47710","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/47710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=47710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}